Grandchild or $650,000: Indian couple sues son

Agence France Presse 05/12/2022

DEHRADUN, India — An Indian couple are taking their son to court demanding that he and his wife produce either a grandchild within a year or cough up almost $650,000. Sanjeev and Sadhana Prasad say that they…

Rama assures Cebu City residents: SRP loan to be fully paid this year

Delta Dyrecka Letigio 02/14/2022

CEBU CITY, Philippines — Cebu City Mayor Rama promises that the remaining balance of the South Road Properties (SRP) loan will be fully paid this year. This was his statement in a press conference on Monday, February…

ECD launched in Cebu, residents can now take out loans for business

Delta Dyrecka Letigio 03/05/2021

CEBU CITY, Philippines — The Cebu Provincial Government has partnered with three banks to provide loans for provincial residents venturing into food production businesses for the Enhanced Countryside Development (EDC). Governor Gwendolyn Garcia, representing the Capitol, signed…

PH raises to $500M requested loan from WB for advance vaccine payments

Ben O. de Vera - Reporter / @bendeveraINQ 02/04/2021

MANILA, Philippines—The Philippines has further raised to $500 million (about P24 billion) the loan it is requesting from the World Bank for coronavirus vaccines as more funds were needed to pay vaccine makers at least half in…

Cebu City mulls taking P5-B LBP loan offer

Delta Dyrecka Letigio 01/27/2021

CEBU CITY, Philippines — Cebu City may take the P5 billion loan offer of the LandBank of the Philippines if the local finance committee finds no problems in doing so. Mayor Edgardo Labella said that the LBP…

SSS Cebu offices to accept loan condonation applications until April 1

Irene R. Sino Cruz 03/31/2019

CEBU CITY, Philippines–The Social Security System (SSS) opens 70 offices, including three in Cebu, to accept applications for the loan restructuring program (LRP). The LRP with penalty condonation will waive penalties for members with past due short-term…

PB to tackle loan for Resource Center

Rosalie O. Abatayo 12/09/2018

THE PROVINCIAL Board will discuss on first reading today measure giving Gov. Hilario Davide III the authority to enter into a loan agreement amounting to P1.525 billion with the Development Bank of the Philippines (DBP) for the…

PH, Japan ink P2.1-B loan for new Panglao airport expansion

Inquirer.net 10/08/2018

The Department of Finance (DOF) and Japan International Cooperation Agency (JICA) agreed on a fresh loan of 4.376-billion yen to the Philippines — equivalent to P2.1 billion at the prevailing exchange rate — to help fund the…

SSS: P49.8M in pension loans released since Sept. 3

Inquirer.net 09/23/2018

THE Social Security System has already released P49.8 million in pension loans to 1,976 pensioners who availed of the first-of-its-kind loan program piloted by the state-run pension fund this month. In just 12 days after the pension…

PH, China ink 10 infra loan deals

Inquirer.net 08/29/2018

AT LEAST 10 loan agreements for infrastructure projects will be signed when Chinese President Xi Jinping visits the Philippines in November, Budget Secretary Benjamin E. Diokno said. The Philippine and Chinese sides are fast-tracking the financing for…

City to pay amortization for SRP loan on Monday

Morexette Marie B. Erram 08/18/2018

THE Cebu City government is set to pay its second amortization of the year on Monday (Aug. 20) for the loan it incurred from the Japanese government for the construction of the South Road Properties (SRP). As…

PB authorizes gov for loan pact with DBP

Rosalie O. Abatayo 05/08/2018

The Cebu Provincial Board authorized Gov. Hilario Davide III to enter into negotiations with the Development Bank of the Philippines to finance construction of a 20-storey multipurpose modern building at the Capitol Compound. During Monday’s regular session,…

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